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What two measures have been developed in recent years that subtract for the depreciation of both manufactured capital and natural capital?
The environmentally adjusted Net Domestic Product (EANDP) and the measure of Genuine Saving.
Explain Monetarist and Monetary policy Monetarist: A group of economists who believe that alters in the money supply are the most effective instrument of government economi
What are the differences between the IS-LM model and the Keynesian model? The 'simple' Keynesian model is a simplified model to exemplify Keynes's idea about the equilibrium i
Materials Requirements Calculations - MRP System MRP is a computer-based 'engine' which carries out calculations in order to determine: What is needed, and When i
Learning curve implies: 1) The requirement of labor falls per unit. 2) Costs will be high at 1 st and then will fall with learning. 3) After eight years the labor requ
price quantity 10 60 20 70 30 90 40 110 50 130 derived a supply function for the relation between price and quantity
arguments in favour and against of Theory of Profit Maximization
Why narrowness of definition of a commodity may influence price elasticity of demand
Q. Perfect Competition in neoclassical economics? Perfect Competition: An abstract assumption, central to neoclassical economics, in that companies are so small that none can i
monetary policy
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